Match the Terms with the Definitions

question 21

Multiple Choice

Match the terms with the definitions.
-A receipt that is prepared for every payment from the petty cash fund.

• A)outstanding checks
• B)cash
• C)petty cash voucher
• D)automated teller machines
• E)change fund
• F)internal control
• G)credit memos
• H)debit memos

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Definitions:

Abhijit Banerjee

An Indian-American economist who, along with Esther Duflo and Michael Kremer, won the Nobel Prize in Economic Sciences in 2019 for their work in development economics.

Extremely Poor

Individuals or households whose income level is significantly below the poverty line, making it difficult to meet basic needs.

Opportunity Cost

The economic consequence of bypassing the immediate superior alternative in decision-making.

Labor Force

The total number of people employed or actively seeking employment within an economy.